Crypto Analyst Predicts Breakthrough in $425 Billion Altcoin Market Cap Resistance
- The altcoin market cap faces a $425 billion resistance level, which may soon be surpassed.
- Rekt Capital notes a shallower retracement of -51% from this resistance compared to previous declines of -69% and -85%.
- The current OTHERS chart, excluding the top ten coins, stands at $271.27 billion.
- Bitcoin is predicted to trade sideways between $98,300 and $101,000 in the near term.
- Bitcoin’s current trading price is $96,860, showing a decrease of 1.1% in the last 24 hours.
The altcoin market cap’s recent shallower retracement suggests potential to overcome the weakened $425 billion resistance level. Meanwhile, Bitcoin is expected to consolidate within a defined range shortly.
Source (2.6)https://dailyhodl.com/2025/02/06/trader-says-425000000000-altcoin-market-cap-likely-to-be-broken-updates-outlook-on-bitcoin/?rand=59076
